Over at the Got Gold Report, Gene Arensberg's assistant, Colette Chapman, reports that traders who constitute what's called "managed money" are hugely short silver now, which Arensberg considers bullish since those traders will be especially quick to cover and go long on any rally. Arensberg thinks the key price is between $28.50 and $29. Chapman's commentary is headlined "Most Improvement Silver COT Chart for 2012" and it's posted in the clear at the Got Gold Report here:

http://www.gotgoldreport.com/2012/07/most-important-silver-cot-chart